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Equipment Finance Calculator Suite - Finance Select

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Equipment Finance Calculator Suite - Finance Select Powered By Docstoc
					                                                                   Finance Select




                                                Equipment Finance Repayment Calculator
                                                                                                                                                Ver 1a
         Date

         Customer Name

         Details of Equipment

         Net Price                                   30,000.00
         GST Payable                                  3,000.00
         GST Free (Rego, CTP etc)                     2,000.00        only required for accurate Lease Finance quote

         Purchase Price                              35,000.00        including GST

         Deposit/Trade In                             5,000.00
         Finance Amount                              30,000.00        paid to supplier by lender

         Brokerage %                                      3.00%       Commission Split                          80.00%
         Brokerage $                                     900.00       Commission $                              720.00
         Interest Rate                                    9.00%       Effective Client Rate                     10.01%


         Hire Purchase or Chattel Mortgage
         Term (months)                                        60                                          Monthly

         Balloon %                                       35.00%       Instalment                                475.45
         Balloon                                     12,250.00        GST on instalment                             -      In Advance
         GST on Balloon                                      -        Total Repayment                           475.45
         Total Balloon $                             12,250.00




Calculations to be used as a guide only. Lenders rates and terms can change at any time prior to settlement. Not an indication or advice of approval.
                                                               Credit Criteria applies.
                                                    46d3cc2f-9f3c-4a19-ba49-4bca27b86e0a.xls
                                                            Finance Select




                              Structured Repayments Calculator (Chattel Mortgage & HP)

              Finance Amount                                             $   100,000.00                                 Ver 1a

              Term (months)                                                             48
              Balloon %                                                            30.00%
              Balloon $                                                  $     30,000.00
              Interest Rate % pa                                                    9.00%
              Brokerage excl GST $ (max 4.00%)                           $      2,500.00           2.50%

              Commission Split x                                                   80.00% = $2,000.00 excl GST

              Pmts in Advance=1 Arrears=0                                                 0

              Unstructured Pmt (if no bulk reduction)                           $2,029.17

              Bulk Repayment                                                    9,000.00
              Bulk Pay in Month No.                                                       4

              Structured Monthly Payment                                 $      1,856.64
              Error Check: Nil (must = zero)                                          0.00

               Structured Payments Schedule:

              Regular Instalments                                  3x           1,856.64
              Bulk Repayment                                       1x           9,000.00
              Regular Instalments                                 44 x          1,856.64
              End Balloon                                          1x          30,000.00
              Total Payable (structured)                                 $   126,262.08
              Interest saving over unstrucured                                  1,138.08
              Total Payable (unstructured)                               $   127,400.16




Estimate only. Exact instalment depends on lender's calculation method. Once contract is funded, lump sum can't be changed. If not met on
                  the due date, loan will be in default. Be aware that if relying on GST refund, unpaid taxes affect refund.
                                                                 46d3cc2f-9
                                Finance Select




Estimate of Chattel Mortgage Fees & Stamp Duty


Finance Amount                                          $     90,000.00
   REV's Registrable                                                         TRUE
   Aggregate Equipment Loan (Docs Registered) >         $     75,000.00      TRUE
  Private Sale                                                               FALSE

Fees Calculator:                                            Individual      Company

Document Fee                                                     395.00        395.00

REV's Fee                                                            -               -

ASIC Registration Fee                                                -         135.00

Document Lodgement Fee                                               -         100.00

NSW Stamp Duty on $90,000.00                                     301.00        301.00

Duplicate Registration                                             2.00          4.00

Total Fees                                                       698.00        935.00




         To be used as a guide only. Fees charges can change at any time.
                                    12/24/2010
                                                            Finance Select




                         Personal Income Tax Calculator                                           Y/E 30/6/2010

                                                               Yearly            Monthly              Weekly

                         Taxable Income                            60,000               5,000                1,154

                         Less Tax                       -          11,850 -               988 -                228

                         Less Medicare                  -               900 -               75 -                 17

                         Total Tax & Medicare                      12,750               1,063                  245

                         Net Income                                47,250               3,937                  909

                         Medicare deducted at 1.5%, above $6,000 income but certain scales/exemptions apply




This is not a substitute for Australian Tax Office calculations, but provides an estimate based on most common individual tax scale.

				
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